Trump's Deficit Dilemma

The Trump administration will eliminate various income taxes while significantly lowering corporate tax rates again. At the same time, it will need to find ways to pay off trillions of dollars in national debt.

It is understood that the U.S. deficit reached $1.83 trillion in the last fiscal year, which did not receive much attention from both parties during the campaign. However, there are signs that it may soon receive attention.

The Republican Party controls both houses of Congress, but the advantage is relatively slim, especially in the House of Representatives. This will lead to some tough choices. For example, some Republicans have never voted to raise the debt ceiling or support regular spending bills and have been criticizing the deficit and debt for years.